Market Correction - October 2018

Following an extended period of unusually low volatility, share markets have experienced a sharp drop over recent days. At the time of writing (the morning of 24th October), the United States S&P 500 Index had declined 5.2% since the start of the month, with the local S&P ASX 200 Index down 5.9%. These declines have brought the U.S. market level back to where it was in mid-June; with the Australian market now trading around levels last recorded in mid-April.